1.

Hero Ltd. has raised following long-term loans on 1st April, 2018: 10,000; 10% Debentures of ₹ 100 each redeemable in four equal yearly ₹ installments beginning 1st July, 2019 10,00,000 11% Bank Loan from SBI repayable after 5 years 20,00,000 Interest on Debentures and Bank Loan has not yet been paid. How will be the above items shown in the Balance Sheet of the company as at 31st March, 2019?

Answer»

Hero Ltd. has raised following long-term loans on 1st April, 2018:






















10,000; 10% Debentures of ₹ 100 each redeemable in four equal yearly
installments beginning 1st July, 2019 10,00,000
11% Bank Loan from SBI repayable after 5 years 20,00,000
Interest on Debentures and Bank Loan has not yet been paid.


How will be the above items shown in the Balance Sheet of the company as at 31st March, 2019?



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